Definition: Demand deposit

Category: OECD terminology

Demand deposits are funds deposited at a depository institution that are payable on demand (immediately or within a very short period). The most common forms of demand deposits are checking accounts. http://ec.europa.eu/eurostat/ramon/statmanuals/files/oecd_measuring_non_observed_economy_2002_EN.pdf#page=188
Source:
Organization for Economic Cooperation and Development (OECD), "Measuring the Non-Observed Economy - A Handbook", OECD, Paris, 2002
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